First of all, did you read the white paper? You can not judge the ability of the project by the failure of Ethereum or not! A coin that costs $ 10 is failure? That depends on the point of view.
I don't care how much the coin costs, let's look at the fundamentals... and we'll see how Vitalik has done a poor job in numerous occasions. He told exchanges to stop all ETH trades during the DAO disaster, he did a ridiculous fork which resulted in 2 chains, due the rushed hard fork, they forgot to add some fixes so further hard forks will ensue... ETH is indeed a mess, I don't care about it's price, price is just speculation, if they can't get their shit together it will not last.
My question is, why did they choose ETH and not BTC? BTC can't make ICN work? because i've heard that they can move the project to Bitcoin if they want to, my question is why they didn't start with Bitcoin from day one?
They will be sending out 1500+ transactions to every ethereum address that holds ICN in order to pay dividends once per week.
That would fill up a whole block and cost ~0.8 btc every week on the Bitcoin network. Ethereum is cheaper and probably easier because ICN is a smart contract that keeps track of all the addresses and distributes the dividends.
ICN tokens: Freely-circulating tokens that receive all revenue generated by OFM platform. A sort of trading platform where crypto hedge fund managers can open funds and earn fees by trading with clients' money.
ICNX token: A freely-circulating token that represents a share of Iconomi's index fund. A flagship fund on OFM platform that tracks a basket of top-volume cryptos.
ICNP token: represents a share of Iconomi's performance fund. This token is less liquid and does not circulate outside OFM platform. It represents another flagship fund on OFM platform that invests into new icos.